Trade Control Manager

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Permanent

Group 7

Location

London, UK

Our client is a successful Energy Trading business based in London and they are looking for a Trade Control Manager to manage a team of trade control analysts.  You will be working very closely with the Head of Risk and be responsible for the control and reporting functions with management information measuring procurement, hedging performance and development and delivery of a full suite of trading risk controls measures (market, credit and cash risk) against agreed benchmarks. You will be responsible for adherence to well defined trade controls within a strict framework of delegated authorities ensuring data integrity and systems for all existing and developing exposure management and entrepreneurial trading activities.

RESPONSIBILITIES AND ACCOUNTABILITIES

  • Lead a team of trade performance analysts and manage resource requirements. Ensure high level of professionalism and competence in the team.  Resourcing strategies and recruitment will likely be key in the medium term as we expand our trading activities.
  • Ensure the trading control environment is robust, policies are adhered to, and resources / skill sets are appropriate.
  • Lead and/or support systems strategies for the control function with respect to exposure management and MI systems.
  • Manage trade control systems where we use Allegro/Horizon/FEA
  • Ensure paper trading activity is settled promptly through the timely issue of invoices. This will include paper hedging carried out on behalf of other company businesses as required. Ensure profits are allocated to correct profit centres within results.
  • Supervise daily/weekly/monthly trading exposure and daily profit & loss reporting. Supervise KPI calculation and ensure reporting deadlines are met.
  • Ensure that accurate positions for economic stocks are maintained in order to enable management of price risk. Ensure that MI data are reconciled to physical stocks.
  • Ensure reconciliation of management information to financial accounts is completed and issues are addressed.
  • Manage month end close meetings with analysts, asset managers, business managers and team leaders. Ensure that all data are robust and results are understood.
  • Set up new exposure management or entrepreneurial trading books as required by the business
  • Support new business activities and ensure trade control aspects are covered in the assurance process. Provide project resource to set up new trade control processes as required
  • Prepare monthly product input to the Commercial Performance report for KPI’s.
  • Provide risk analysis in assessing new trading strategies, trading limits, neutral stocks and other business assessment of risk.  Prepare the monthly results for the value share contract and participate in the review meetings.

SKILLS & KNOWLEDGE REQUIRED

Education/Experience

  • Financial, Accounting or similar qualification.
  • Proven track record in a trading or control role
  • Previous team leader experience is preferable (Will manage 3 Trade Analysts)

Technical Skills

  • Solid understanding of the commodities trading industry and markets
  • Proven experience in regulatory compliance and assurance
  • Previous exposure to business risk management
  • Good understanding of accounts (accrual and mark to market)
  • Experience of control and assurance
  • Experience of trading risk management
  • Previous experience of business planning
  • Ability to make recommendations and decisions based on financial data Behavioural Skills
  • Ability to challenge sensitive issues constructively whilst maintaining strong working relationships
  • Proactively identify and communicate potential issues with the appropriate teams or stakeholders. Make sure problems raised are followed up and worked on until completion
  • The job holder will be versatile and enjoy working within a team environment.
  • High energy levels and a hands-on approach
  • Highly driven, determined & hard working – able to deliver against tight deadlines
  • Excellent people skills to interact with external and internal contacts both at executive level and a technical level
  • Excellent verbal, written and presentation communication skills
  • A critical and strategic thinker

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